Research On Problems Of China Charitable Organization Accounting

The Philanthropic ideas are lofty with great work for the public good, besides being an important symbol of a progressive civilization. Vigorous development by philanthropic concepts, to improve the living conditions of poor people, narrow the gap between the rich and poor, ease the social conflicts, promote social justices, and maintain social stability that play active roles and of great significance for building a harmonious society. Charitable organizations are the carriers of Philanthropic Concepts and are an important part of the social security system. It is the solid bridge which connects the government, enterprises and people. In recent years, our charitable organizations have developed rapidly and achieved remarkable results under the strong support from the government as well as the rapid economic development. The social environment has played an important effect in the earthquake, snowstorm, drought and disease in recent disasters that were highly praised by the government and the public. However, Charity organizations in China are still in the experimental stage compared with the western developed countries. There are various problems such as, the management systems are not well organized, operations are not standardized, the collection, accountability and usage of donation funds are not transparent etc. These problems cause the public doubt the credibility of the charitable organizations, and the very foundations of charitable philanthropic ideals. Once the charity organization loses its credibility, it will cause further deterioration in fundraising. Thus the chain reaction of the creditability results in reducing on donation funds, and then it does not favor the realization of charitable objectives and goals, thus the very survival and development of charitable organization.Charity organizations in China are facing the above-mentioned problems is due to lack of standardized legal laws and regulations at the present, especially due to lack of charity’s accounting supervision. In this attempted paper, it is summarized and concluded the charity organization research achievements at home and abroad. The current status of charitable organizations has been a full investigation, after the investigation, I found that these are non-standard financial accounting supervision mechanism, on-standard accounting principles, non-standard financial reporting for charitable organizations. On this basis, detailed analyses the problems of accounting and disclosure of accounting information on charitable organization is in reference and comparison to the United States private non-profit organization accounting standards and our private non-profit organization accounting system. In combination with the characteristics to our charitable organization, this article proposed accounting and disclosure of accounting information in charitable reforms, and complete reporting systems on our charitable organization. This also suggests that our Country should strengthen the supervision of the accounting information disclosure about our charitable organization from the internal and external aspects.